India vows to vigorously defend its case in tax dispute with Cairn1 min read 08 Jul 2021, 01:09 PM IST
India’s dispute with Cairn is over an internal reorganisation of the company’s India business in 2006-07 prior to its initial public offering. The tax demand was raised invoking a 2012 change in the Income Tax Act that was retroactive
NEW DELHI: The Indian government has vowed to vigorously defend its case in the ongoing tax battle with British energy company Cairn Energy Plc., and take "appropriate legal remedies" on any asset freeze order secured by the company against India, a government official said.
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